Knowledge that Transforms

I. Introduction, 342. — II. Sources and reliability, 343. — III. Goals of managerial behavior: premia, profits, the quiet life, 347. — IV. Informal behavior principles of management: the safety factor, simulation, blat, 353. — V. Expectations facilitating informal methods, 358. — VI. Characteristics of the economic system, 361. — VII. Conclusion, 364.

I. Personal interviews with a representative sample of business executives, 67; sampling, 69; interviewing, 70. — II. Study of industrial mobility, 72; advantages of Michigan location, 72; disadvantages of Michigan location, 76; qualitative information, 78; conclusions, 81. — III. Study of investment decisions, 82; the direct question of why, 83; correlation analysis, 86; detailed analysis of correlation cells, 88; summary, 89.

I. The goal of full employment, 467. — II. The means to full employment, 473. — III. Economic freedom in mercantilist doctrine, 486. — IV. The exceptions to free exchange, 492. — V. The historical roots of mercantilism, 496. — VI. Economists on mercantilism, 499.

I. Introduction, 139. — II. The Fourth Five-Year Plan not a real plan, 141. — III. Major developments in prices, 151. — IV. Output and investment, 159. — V. Checks, 168. — VI. Labor productivity and labor force, 170. — VII. Conclusion, 170.

I. Current emphasis on inventory control, 502. — II. The calculation of economic purchase quantities and reorder points, 503. — III. The interaction of economical purchase quantities and reorder point quantities, 508. — IV. Analysis of inventory control problems for style goods, 513. — V. The relationship between inventory control analysis, businessmen's behavior, and economic theory, 517.

I. Concepts, 172. — II. Measurements, 173. — III. Equilibrium, 176. — IV. Commentary, 180. — V. Conclusion, 188.

I. Introduction, 366. — II. Basic ethical postulates, 369. — III. Mutual measurement of welfare and well-beings, 375. — IV. Fundamental measurement of welfare, 379. — V. Other ways of measuring welfare, 380. — VI. The relation of cardinal welfare to cardinal utility, 380.—VII. Uses of a cardinal welfare, 382.

I. Criteria for the appraisal of workability, 195. — II. The one period model, 197. — III. The model over time, 207. — IV. Relevance of the model to the market structure of the industry, 217. — V. Some suggestions for further analysis, 222.

Introduction, 545. — I. A simple model, 545. — II. Some consequences of the analysis, 549. — III. The simple model and reality, 552.

Almost all standard textbooks in accounting, as teachers well know, open with a chapter devoted to the field of accounting and its relationship to law, engineering, economics and the social order in general. Unfortunately in their haste to get to the condition statement, the operating report and the mechanics of debit and credit many teachers devote a small part of the organizational period to such broad relationships and thereafter uniformly neglect the material of formal economics. It is probably not unfair to add that many instructors who later refer to economics do so in a manner that is unenlightening if not downright objectionable. The lack of agreement among economists leads to such diverse positions that the problem of rapid integration becomes almost impossible. The two comparatively recent revolutions in economics have added to the difficulty of integration. The Keynesian revolution of the late nineteen-thirties placed emphasis on the problem of employment and its determinants.